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A former analyst of Janus Henderson who worked from home as cover for prior knowledge trade, who made a profit of almost £ 1 million, has been found guilty of one of the most controversial insider trade issues in the UK in recent years.
Redinel Korfuzi, 38, was convicted of prior knowledge trade and money laundering in addition to his sister, Oerta Korfuzi, 36, by a jury at the Southwark Crown Court in London on Thursday after a four -month process.
Personal trainer Rogerio de Aquino and his girlfriend Dema Almeziad were acquitted of the same charges.
The jury was told that Korfuzi used information that he had as an insider in his former role at Janus Henderson to allow his fellow samplers to act and make a profit in shares, including Daimler and Jet2, while using work during the COVID-19 Pandemie as coverage.
The brothers and sisters who were traded in the companies was often within 24 hours of Korfuzi who obtained indoor information from his work, the jury was told. A flat in the London Marylebone where Korfuzi lived with his sister and partner was the “heart of the company,” said the persecution.
The defendants were accused of one census between December 2019 and March 2021 and one counting of money laundering between January 2019 and March 2021. The Financial Conduct Authority, announced the charges in the investigation, known as Operation Naples, in January 2023.
Korfuzi and his sister looked straight ahead while the judgments were read. The judge gave the jury a majority instruction earlier on Thursday, which meant that at least nine of the jury members had to agree on each judgment. Only 10 jury members were in the case after two were released due to illness.
The panel was unanimous in the area of the insider who had charges against the couple and reached a majority judgment on the number of money laundering.
The maximum fine for Insider trade at the time the violations took place was seven years in prison and 14 years for money laundering. The Korfuzi brothers and sisters are convicted on July 4.
“These are serious things that you have been convicted and the sentences will reflect that,” his real estate Milne told the couple on Thursday.
A lawyer for Redinel Korfuzi refused to comment after the verdict. Platiors for the couple did not immediately respond to requests for comments.
The defendants were motivated by “greed, clear and simple,” said Justice Tom Forster KC, who traded for the FCA, this month in his last speech. This “was clearly a secret trade club” that was “rigged” by using internal information, he said jury members.
The Aquino, 63, and Almeziad, 40, did not testify in the case. The Aquino told the FCA in an interview that he was “cutting” by Redinel Korfuzi, while Almeziad said she was “duped”.
Almeziad’s lawyer Roger Sahota said after the verdict: “This case should never have been submitted. There was no evidence that Mrs. Almeziad knew anything about the trade in prior knowledge, and it is wrong to expect that ordinary people understand or spot complex financial behavior that even professionals are struggling with.”
Redinel Korfuzi said in his testimony that cash transferred to bank accounts and safety boxes “absolutely not” linked to Insider -Trade, but money that was collected with British customers of his father’s Albanian construction company.
Janus Henderson said in a statement that it had fully collaborated with the FCA investigation. “The protection of confidential information is extremely important for Janus Henderson, and the company treats each actual or presumably abuse of confidential information with the greatest seriousness.”